Analysts Set United Parks & Resorts Inc. (NYSE:PRKS) Target Price at $62.60

United Parks & Resorts Inc. (NYSE:PRKS) has been assigned a consensus rating of “Moderate Buy” from the ten research firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $62.60.

A number of research firms have recently commented on PRKS. Macquarie dropped their target price on shares of United Parks & Resorts from $75.00 to $70.00 and set an “outperform” rating for the company in a report on Friday, October 18th. Truist Financial increased their price objective on shares of United Parks & Resorts from $60.00 to $64.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Guggenheim dropped their price objective on shares of United Parks & Resorts from $72.00 to $70.00 and set a “buy” rating for the company in a research note on Tuesday, November 12th. Finally, Mizuho reissued an “underperform” rating and issued a $43.00 price objective (down previously from $45.00) on shares of United Parks & Resorts in a research note on Friday, November 8th.

United Parks & Resorts Price Performance

NYSE PRKS opened at $52.60 on Tuesday. United Parks & Resorts has a fifty-two week low of $44.72 and a fifty-two week high of $60.83. The stock has a market capitalization of $2.89 billion, a PE ratio of 13.18 and a beta of 1.99. The business has a fifty day moving average price of $54.70 and a two-hundred day moving average price of $53.01.

Insider Buying and Selling

In other United Parks & Resorts news, insider Christopher L. Finazzo sold 13,000 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $55.62, for a total transaction of $723,060.00. Following the completion of the transaction, the insider now owns 132,439 shares in the company, valued at approximately $7,366,257.18. This trade represents a 8.94 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider James Mikolaichik purchased 34,000 shares of the stock in a transaction on Monday, November 18th. The shares were purchased at an average price of $57.29 per share, with a total value of $1,947,860.00. Following the acquisition, the insider now owns 76,267 shares in the company, valued at approximately $4,369,336.43. The trade was a 80.44 % increase in their position. The disclosure for this purchase can be found here. 1.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in PRKS. Exchange Traded Concepts LLC bought a new stake in shares of United Parks & Resorts during the third quarter worth about $28,000. Blue Trust Inc. purchased a new position in shares of United Parks & Resorts in the 3rd quarter worth about $30,000. Public Employees Retirement System of Ohio purchased a new position in United Parks & Resorts in the third quarter valued at about $32,000. KBC Group NV purchased a new stake in United Parks & Resorts during the third quarter valued at about $54,000. Finally, Amalgamated Bank purchased a new stake in shares of United Parks & Resorts during the 3rd quarter valued at approximately $65,000.

About United Parks & Resorts

United Parks & Resorts, Inc is a holding company, which engages in the ownership and operation of theme parks. Its portfolio includes SeaWorld, Busch Gardens, Aquatica, Discovery Cove, Sesame Place, and Sea Rescue. The company was founded in 1959 and is headquartered in Orlando, FL.